IN BRIEF: Instem shareholders back motions relating to Archimed offer

Fri, 03rd Nov 2023 20:45

Instem PLC - Staffordshire, England-based provider of IT services to life sciences market - On Thursday, reports required majority of shareholders back the resolution to approve the scheme by which the takeover of Instem by Archimed SAS will be facilitated. Further, shareholders approve special resolution to amend company's articles. Plans to seek court sanction of the scheme on November 16, with the scheme becoming effective on November 20.

Current stock price: 13.00 pence

12-month change: up 36%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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